MALAYSIA: Tan Chong, Wacoal JV Agree Apparel Distribution Deal

Clothing company Tan Chong Apparels on Monday revealed it has agreed to sell its apparel distribution business to Wacoal Malaysia for around $1.5 million. The firm, a subsidiary of Warisan TC Holdings, said it has agreed the deal with Wacoal Malaysia, which is a joint venture launched late last year between Wacoal Cop and Warisan.

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